Before closing the books for a fiscal period, you should print - reports that provide sufficient detail to create new company files if necessary b. all the reports available through Sage 50 Accounting c. all the reports in the financials section of the reports menu d. all of the management reports for the business 9. When accounts are not in logical order- a. you will be unable to display some reports b. you can finish the history but you cannot complete journal entries your subtotal accounts may be following the subgroup accounts instead of the group accounts d. the total of debit and credit amounts in the Trial Balance may be unequan 10. When you post a supplier invoice the following accounts are updated a. all properly linked accounts b. only the purchases and accounts payable general ledgers c. only the purchases and accounts payable subsidiary lodgers d. only the purchases, accounts payable ledgers and HST paid 11. To record a partial payment in the payments journal, you must change - a. the cheque number b. the date of payment c. the invoice number d. the payment amount 12. For which of the following purchase invoice errors would you reverse the entire entry - a. entering the wrong date for the invoice b. entering the wrong supplier for an invoice c. entering incorrect payment terms for the invoice d. entering an incorrect account for the invoice 13. Why might the discount field be blank when entering a payment- a. a discount is not set up b. the discount has expired c. a discount is not required d. all of the above 14. Transactions entered in the sales journal will allow all but one of the following- a recording of all necessary details surrounding the invoice b. only one type of transaction c. more than one type of transaction d. omitting the HST from the invoice 15. A sales journal entry will not balance if we a. omit the payment terms b. omit the HST charged on sales c. include a second sale item in the invoice d. this entry will balance whether we omit or include any of the above items